LG Goes Android With Optimus Q
LG Electronics has been riding on the success of its “Chocolate” slider phone for years, but since the device’s 2005 launch, it’s struggled to come up with a popular follow-up.
Now the South Korean cellphone maker, the world’s third-largest behind Nokia and Samsung, is betting on a new Android-powered smartphone called Optimus Q.
Its operating profit margin from its handset business fell to 0.9 percent in the first quarter ended March 31, from 6.4 percent a year earlier.
The Optimus Q features a 1-gigahertz CPU and a 3.5-inch high definition screen. It has a 5-megapixel camera and its memory storage capacity can be increased to 32 gigabytes. It retails for around $758 in South Korea.
But with plenty of other smartphone options in the market from Apple (AAPL), Nokia (NOK), Samsung and Research in Motion (RIMM), does LG’s new phone have a chance to compete?